The Team behind Next Frontier Capital 

Photo Credit: Peter Hellberg

WILL PRICE, founder and general partner

Will founded Next Frontier Capital to partner with mission-driven, talented entrepreneurs to build Montana technology companies of impact, utility, value. Will’s career spans venture capital investing as well as operational, transactional, and advisory roles at both public and private companies. With a Montana family history dating to the 1850s, Will is passionate about investing in the state’s promising future.

Prior to Next Frontier Capital, Will served as CEO of Flite, an advertising and analytics platform. In 2016, Flite was acquired by Snap, the parent company of SnapChat. During his six year tenure, Will built a market leading organization capable of serving and analyzing billions of ad interactions, sold enterprise customers such as Procter & Gamble, The New York Times, and LinkedIn, raised capital from leading venture capitalists, including Sequoia Capital, General Catalyst, and strategic customers Conde Nast, Jive Software, and Publicis.

Previously, Will served as a Managing Director at Hummer Winblad Venture Partners, where he focused on SaaS and open source. Will helped lead investments in Mulesoft, Sonatype, SlideRocket, Flite, among others.  Will joined Hummer Winblad from Pequot Capital, where he focused on software investing. Earlier in his career Will worked for Morgan Stanley in NYC, Hong Kong, and the ASEAN markets focused on the privatization of state-owned assets.

Will represents Next Frontier Capital on the board of SiteOne Therapeutics, Submittable, Phoenix Labs, and Orbital Shift.

Will graduated from Harvard College, studied Mandarin at Nanjing University, and earned his M.B.A from Northwestern University, where he graduated at the top of his class.  Will writes about venture, leadership, and entrepreneurship on LinkedIn.

Will is married and the father of two active boys. In addition to Next Frontier Capital and family, Will’s passions include coaching youth sports, the outdoors, and fundraising for conservation groups.  He serves on the board of the Gallatin Valley Land Trust, MSU's Tech Transfer Office, as an Industry Advisory Board Member for MSU's Computer Science Department, as an ambassador for Thrive, and is a member of Bozeman's Sunrise Rotary Club.

Photo Credit: Mitya Ku

richard harjes, GENERAL partner

Richard is a General Partner at Next Frontier Capital and brings decades of investment experience to the fund. Along with his wife, he is co-founder of Willow Spring Ranch Montana, a ranch devoted to sustainably raising organic lamb for the local and national gourmet market.

Richard represents Next Frontier Capital on the board of Blackmore Sensors and Analytics and is a board observer of Clearas.

Prior to Bozeman, Richard had a long-term career in quantitative investments – computerized, model-based investment strategies employing statistical modeling and machine learning techniques, analyzing and making thousands of small investment decisions on a minute-by-minute basis. Throughout his career, Richard built, grew and/or managed a number of highly successful investment teams with PhD level expertise in statistics, computer science, math and physics. He was Managing Director of the Statistical Arbitrage business at Citadel Investment Group in Chicago, founding the group responsible for the quantitative trading of equities at the firm. Prior to this, he was Director of Research and partner at Numeric Investors, a quantitative equity fund in Boston where he founded investment strategies and ran the overall research effort. Early in his career, Richard was one of the founding members of the Alpha Strategies Group at Barclays Global Investors, contributing to that effort by establishing the group’s research platform, strong investment returns and exceptional client and asset growth.  Richard has served on the faculties of Duke University and the University of Arizona and is published in major academic journals.

In addition to his business pursuits, Richard serves on the board of directors of the Children’s Museum of Bozeman. He founded and is one of the creative drivers behind the Museum’s STEAMlab – a hands-on, high-tech science and technology learning center focused on circuits, robotics and 3D printing, and expanding opportunities for the kids of Southwest Montana.


Sam schwerin, investment committee

Sam Schwerin is co-founder and Managing Partner of Millennium Technology Value Partners.

He is responsible for Millennium’s investments in Facebook (FB), Alibaba (BABA), Chegg (CHGG), Good Technology, Lookout, Inspirato and PrecisionHawk, where he is a member of the Board of Directors. In addition, Sam was responsible for prior realizations that include Agility Communications (JDSU), Aventail (SNWL), Axsun Technologies (Volcano Corp.), Datapipe (ABRY), First Virtual Communications (RVSN), HauteLook (JWN), Indus (IINT), ID Analytics (LOCK), NetSpend (TSS), Ning (Glam Media), Phobos (SNWL), PlaySpan (V), Requisite Technology (CKCM), Tellme Networks (MSFT), Twitter (TWTR), Wayport (T) and Zappos (AMZN).

Prior to Millennium, Sam was with The Blackstone Group and Salomon Brothers in roles that ranged from venture capital investments to multi-billion dollar merger and acquisitions advisory assignments. Sam has also been involved in the founding and management of several companies. He co-founded and served as CFO and Vice President, Corporate Development at OpenPeak, a leading mobile enterprise management company. Prior to OpenPeak, Sam served as Vice President of Finance and Strategy at StorageApps, a pioneering storage virtualization and network management company acquired by Hewlett-Packard. Sam holds a M.B.A. from The Wharton School at the University of Pennsylvania and a B.S. from Lehigh University. He has been a member of the Council on Foreign Relations and the Lehigh Leadership Council.

VMS Fund administration

Fund Administration and Operations